NOT LISTED FOR SALE

5541 Melrose Ave Lincoln, NE 68506

Central Lincoln Neighborhood

Estimated Value: $254,325 - $268,000

3 Beds
2 Baths
1,336 Sq Ft
$195/Sq Ft Est. Value

Last Sold November 16, 2020

Last sale price $183,500 $137 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,581/month

2 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Covered Deck
  • Pound Middle School Rated A-
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

Spacious South-Lincoln Ranch Style Home in the South Glenn Development. Located on a Large Corner-Lot, This 3-Bedroom, 2-Bathroom Home Includes All Appliances & Features an Attached 2-Stall Garage (w/ Rough-in for Gas Heater) , 12 x 20 Covered Patio overlooking the Full Privacy-Fenced Backyard. All of the Big-Ticket Items have been handled within the last 3-Years Including: Brand New Roof & Gutters (2020) | Vinyl Windows (2018) | Steel Siding (2018). This One is Priced To Sell Quickly, Schedule your showing today!

Last Agent to Sell the Property

Nic Fett

SimpliCity Real Estate License #20130672 Listed on: 10/16/2020

Last Buyer's Agent

Dory Marsh

Woods Bros Realty License #20010002

Woods Bros Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 1981

Lot Details

  • 7,581 Sq Ft Lot
  • Property is Fully Fenced
  • Privacy Fence

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Finished Basement
  • Basement with some natural light

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Deck

Schools

  • Calvert Elementary School
  • Pound Middle School
  • Lincoln Southeast High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • South Glenn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1605211001000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,928

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 1605211001000
  • Property Sub Type: Single Family Residence
  • Year Built: 1981
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 73 x 93 ; 86 x 95
  • Ownership: Fee Simple
  • Subdivision Name: SOUTH GLENN
  • Directions: GPS
  • Above Grade Finished Sq Ft: 936
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement: Full, Finished
  • Appliances: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator, Washer, Dishwasher, Dryer, Disposal, Microwave
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 400
  • Fireplace: No
  • Living Area: 1336
  • ResoLivingAreaSource: Assessor
  • Master Bedroom Master Bedroom Level: Main Floor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Fencing: Full, Privacy
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Covered Deck
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • High School: Lincoln Southeast
  • Elementary School: Calvert
  • Junior High Dist: Lincoln Public Schools
  • Middle Or Junior School: Pound

Lot Info

  • Property Attached Yn: No
  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 7581
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2928

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Nov 12, 2020
Sold by
Walkemeyer Brandon
Bought by
Parr Edward P and Parr Jana L
Seller's Agent
Nic Fett
SimpliCity Real Estate
Buyer's Agent
Dory Marsh
Woods Bros Realty
List Price
$179,900
Sold Price
$183,500
Premium/Discount to List
$3,600
2%
Current Estimated Value
$260,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,581
Avg. Annual Appreciation
7.30%
Original Mortgage
$174,325
Outstanding Balance
$154,770
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$105,311

Purchase Details

Listed on
Feb 14, 2017
Closed on
Apr 11, 2017
Sold by
Melia David W O
Bought by
Walkemeyer Brandon
Seller's Agent
Cindi Hahn
Woods Bros Realty
Buyer's Agent
Linda Kuhlman
Woods Bros Realty
List Price
$152,500
Sold Price
$149,900
Premium/Discount to List
-$2,600
-1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$153,497
Interest Rate
4.1%
Mortgage Type
VA

Purchase Details

Closed on
Nov 21, 2011
Sold by
Omelia Peggy J
Bought by
Omelia David W
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Parr Edward P $184,000 Homeservices Title
Walkemeyer Brandon $150,000 Nebraska Land Title & Abstra
Omelia David W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parr Edward P $174,325
Previous Owner Walkemeyer Brandon $153,497
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2020 11/16/20 Sold $183,500 +2.0% $137 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/16/2020 10/16/20 For Sale $179,900 +20.0% $135 / Sq Ft
04/14/2017 04/14/17 Sold $149,900 -1.7% $105 / Sq Ft View Prior Sale
03/02/2017 03/02/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $152,500 -- $107 / Sq Ft
Source: Great Plains Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,645 $243,400 $49,500 $193,900
2024 $2,645 $191,400 $45,000 $146,400
2023 $3,208 $191,400 $45,000 $146,400
2022 $3,259 $163,500 $40,500 $123,000
2021 $3,083 $163,500 $40,500 $123,000
2020 $2,776 $145,300 $40,500 $104,800
2019 $2,777 $145,300 $40,500 $104,800
2018 $2,820 $146,900 $40,500 $106,400
2017 $2,846 $146,900 $40,500 $106,400
2016 $2,370 $121,700 $36,000 $85,700
2015 $2,353 $121,700 $36,000 $85,700
2014 $2,040 $104,900 $36,000 $68,900
2013 -- $104,900 $36,000 $68,900
Source: Public Records

Agents Affiliated with this Home

  • Nic Fett

    Seller's Agent in 2020

    Nic Fett

    SimpliCity Real Estate

    (402) 326-5632

    5 in this area

    133 Total Sales

    Nic Fett
    Section Image

  • D

    Buyer's Agent in 2020

    Dory Marsh

    Wood Bros Realty

    (402) 730-3602

    3 in this area

    34 Total Sales

    Dory Marsh
    Section Image

  • C

    Seller's Agent in 2017

    Cindi Hahn

    Wood Bros Realty

  • R

    Seller Co-Listing Agent in 2017

    Russ Quick

    Wood Bros Realty

  • L

    Buyer's Agent in 2017

    Linda Kuhlman

    Woods Bros Realty

    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: 22025907

Great Plains Regional MLS

APN: 16-05-211-001-000

Nebraska Lancaster County Lincoln 68506 Central Lincoln

5541 Melrose Ave, Lincoln, NE

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